Global Linseed Oil Market 2022

Linseed Oil Market Size

The global linseed oil market reduced to $X in 2021, with a decrease of -X% against the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then dropped slightly in the following year.

Linseed Oil Production

In value terms, linseed oil production fell to $X in 2021 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X% y-o-y. As a result, production reached the peak level of $X, and then fell in the following year.

Production By Country

The countries with the highest volumes of linseed oil production in 2021 were China (X tonnes), Belgium (X tonnes) and the Dominican Republic (X tonnes), together comprising X% of global production. These countries were followed by the United States, Germany, India, Ethiopia, Russia, Kazakhstan, Afghanistan and Poland, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of linseed oil production, amongst the main producing countries, was attained by Afghanistan (+X%), while linseed oil production for the other global leaders experienced more modest paces of growth.

Linseed Oil Exports

Exports

In 2021, approx. X tonnes of linseed oil were exported worldwide; remaining constant against 2020. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by X% y-o-y. Over the period under review, the global exports hit record highs at X tonnes in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, linseed oil exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Belgium (X tonnes) was the major exporter of linseed oil, making up X% of total exports. Russia (X tonnes) held a X% share (based on tonnes) of total exports, which put it in second place, followed by Kazakhstan (X%) and Germany (X%). The Dominican Republic (X tonnes), the Netherlands (X tonnes) and the United States (X tonnes) followed a long way behind the leaders.

Belgium experienced a relatively flat trend pattern with regard to volume of exports of linseed oil. At the same time, Kazakhstan (+X%) and Russia (+X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2012-2021. By contrast, Germany (-X%), the Netherlands (-X%), the Dominican Republic (-X%) and the United States (-X%) illustrated a downward trend over the same period. Russia (+X p.p.), Kazakhstan (+X p.p.) and Belgium (+X p.p.) significantly strengthened its position in terms of the global exports, while the Netherlands, Germany, the Dominican Republic and the United States saw its share reduced by -X%, -X%, -X% and -X% from 2012 to 2021, respectively.

In value terms, Belgium ($X) remains the largest linseed oil supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Russia ($X), with a X% share of global exports. It was followed by Germany, with an X% share.

From 2012 to 2021, the average annual growth rate of value in Belgium stood at +X%. In the other countries, the average annual rates were as follows: Russia (+X% per year) and Germany (-X% per year).

Export Prices by Country

The average linseed oil export price stood at $X per tonne in 2021, picking up by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The global export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($X per tonne), while Kazakhstan ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the other global leaders experienced more modest paces of growth.

Linseed Oil Imports

Imports

In 2021, approx. X tonnes of linseed oil were imported worldwide; growing by X% on the previous year. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% y-o-y. Over the period under review, global imports reached the peak figure at X tonnes in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, linseed oil imports surged to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. Global imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Gambia (X tonnes) and China (X tonnes) represented roughly X% of total imports of linseed oil in 2021. It was distantly followed by Germany (X tonnes) and the Netherlands (X tonnes), together making up a X% share of total imports. Belgium (X tonnes), Japan (X tonnes), France (X tonnes), the UK (X tonnes), Haiti (X tonnes), Italy (X tonnes) and Spain (X tonnes) took a little share of total imports.

From 2012 to 2021, the biggest increases were in Belgium (+X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2021, together accounting for X% of global imports. Gambia, Japan, Belgium, France, the UK, Italy, Haiti and Spain lagged somewhat behind, together comprising a further X, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average linseed oil import price stood at $X per tonne in 2021, picking up by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by X% year-to-year. Global import price peaked at $X per tonne in 2013; afterwards, it flattened through to 2021.

Prices varied noticeably by the country of destination: the country with the highest price was Italy ($X per tonne), while Gambia ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform